IRS Withholding on US Tournament Winnings Starts in 2008

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IRS Withholding on US Tournament Winnings Starts in 2008

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#11

09-02-2007, 02:03 PM

TripleNet

Senior Member

Join Date: Feb 2006

Posts: 155

Re: IRS Withholding on US Tournament Winnings Starts in 2008

Does anybody know how this would effect satellites?

Lets say you enter a $250 super satellite to the WSOP main event and win a $10,000 seat. Is there going to be withholding from that "tournament" to the tune of $2,500 leaving you only $7500 or enter the main event?

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